There is an 80% chance of the U.S. going into a recession: Steve Hanke

Written by on September 23, 2022

There's an 80% chance of the U.S. falling into a recession — much higher than previously predicted, according to Steve Hanke, a professor of applied economics at Johns Hopkins University.

According to CNBC's September Fed survey of economists, fund managers and strategists, those surveyed said there's a 52% chance that U.S. could enter into recession over the next 12 months.

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